Search This Blog

Thursday, March 19, 2009

100 percent mortgages are "immoral"

“It is immoral for us to put a loaded gun in the hands of someone who can’t afford to repay.”

Gordon Pell, deputy chief executive of Royal Bank of Scotland, giving evidence to about the 100 percent mortgages to the Parliamentary committee for Scottish affairs.

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...